It is not wise to set daily earning goal because it will be very difficult and may force a trader to over trade or take wrong decision. I set monthly goals for myself and some months i even don't make profit but that's ok with me. I try to recover it the next month.
Losses are part of trading and it will occur. A trader has to learn to accept the loss and try to recover it in the next trade or several trades. One should think throughly and trade with a plan.
If one manages risk properly then leverage make the trading easier a little bit. One does not have to worry about margin calculation and free margin etc. I am used to using high leverage and don't have much impact account balance because i always keep risk at check.
It is better for a trader to find out what is better for himself. Not all brokers are suitable for different type of traders. So they should test and judge it by themselves.
FXOptimax will convert any active 4-digits Micro accounts to 4-digits Classics, since the account is no longer offered. The 4-digits Classics will allow micro lot trade.
To learn about the details of any account types, please click here.
Elliot wave is good for swing trading in my opinion. There are lots of waves to count and there is always waves within a wave. Also read somewhere that it woks good on larger time frames. So many not be good for scalpers.
You can try FXOptimax demo accounts. If you want to test their specific account types then open a demo account according to it. It will help you examine how you will perform on live account.
Robots are not a way of using emotion free trading. One must master his or her emotions and trade manually in my opinion. I don't trust my money on a brainless piece of code put on trading platform.
People can loose big money and that is why traders suggest newbies to use small amount at first. Those who are serious and trades with a plan won't put more than what he or she can afford to loose.
MetaTrader 4 for Android
Trading
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Trade directly from the chart
More than 600 servers of various forex brokers available
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FXOptimax has it’s own knowledge base. Lots of helpful articles can be found for your convenience. To check on FXOptimax knowledge base, please click here.
Multi Account Management
FXOptimax is welcoming every Money Managers and we are very pleased to offer you our Multi Account Management (MAM) tools that will surely ease your effort in managing your clients fund. Here are the benefits we offer you through our Multi Account Management...
Best Partnership Program in the Industry
FXOptimax partnership gives the most competitive rebates in the industry, let alone we are a STP broker which is completely different to Market Maker/Dealing Desk brokers.
FXOptimax advantages highlight:
Low $10 minimum deposit
High leverage, up...
FXOptimax PAMM System
The Percent Allocation Management Module (PAMM) is a solution for FXOptimax clients to have their accounts managed by more experienced traders acting as the Fund Managers. Clients can check each manager’s trading statistic to see their performance before deciding to...
FXOptimax 4-Digits Account is the classic account intended for forex traders familiar with 4-digits pricings. This group consists of FXOptimax Micro and FXOptimax Mini, offering fixed spreads.
Contract specification is given in the table below:
For more information please click here.
Spreads at FXOptimax
FXOptimax offers competitive spreads for each account type. FXOptimax 4-Digits accounts offer fixed spread, while FXOptimax 5-Digits accounts offer floating spreads.
Spreads comparison between accounts can be seen here.
FXOptimax 5-Digits Account consists of FXOptimax Precision Pricing and FXOptimax Prime Pricing. These accounts are the favorites, both offered floating spreads, starting from 0.7 pip.
Contract specification is given in the table below:
For more information please click here.
Well keep in mind that forex is a worldwide business. And not all good traders have money to trade. People raise a question "if you are good at trading then why you need to sell your service". Being good at trading does not mean one will make huge amount in a month.